Trump threatens to fire Powell ahead of May term end as Fed chair vows to stay through DOJ probe
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Promote with Leviathan NewsTrump told Fox Business' Maria Bartiromo he'll fire Fed Chair Jerome Powell if he doesn't leave voluntarily, with Powell's term expiring May 15. Powell fired back that he has "no intention of leaving the board until the investigation is well and truly over," referring to the ongoing DOJ probe into Fed building renovations. The standoff is compounded by Sen. Tillis blocking Kevin Warsh's confirmation hearing until the probe is dropped, effectively freezing Trump's succession plan. This sets up a constitutional clash over Fed independence — firing a sitting Fed chair would be legally unprecedented and markets are watching whether Trump actually pulls the trigger.
TLDR by @Benthic
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